Pinnacle Wealth Management, LLC

The portfolio consists of 39 holdings, indicating a focused investment strategy rather than a broad-based indexing approach. The management style appears highly active, evidenced by the dramatic turnover this quarter: the firm established 17 new positions, exited 2, and adjusted 22 existing positions. No position remained unchanged, highlighting a tactical approach to portfolio management. The portfolio is well-diversified across individual equities and ETFs, with no single position exceeding 14% of the total assets, mitigating unsystematic risk while maintaining conviction in top picks.

2. Key Holdings

The portfolio is anchored by a strong allocation to Exchange Traded Funds (ETFs) and specific high-growth technology names.